Housing Wire
MAY 30, 2024
When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. The first is that we invite buyer’s agents into the platform, so we’ve opened up this inventory to them. And that’s what I did. Is the seller just there?
Housing Wire
AUGUST 21, 2023
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Housing Wire
JULY 7, 2022
I have been in this industry for over 25 years, and other than the difficulties that we all experienced between 2007 through 2009, I would say that it feels that right now we are entering a period of greater uncertainty than in recent memory. With so much uncertainty in the industry, why do this acquisition now?
Lamacchia Realty
MARCH 26, 2024
Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.
Lamacchia Realty
OCTOBER 25, 2023
Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.
Lamacchia Realty
JUNE 21, 2022
Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.
Listing Spark
JUNE 16, 2023
Buyers now have more negotiating leverage, but high interest rates somewhat neutralize these benefits. [00:07:25 00:07:25 – 00:07:32] “If you’re a buyer, this is the first time in probably close to a decade that you’ve had this amount of negotiating leverage.” year-over-year, currently at $399,900.
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